FOMC Warns More Progress on Inflation Needed Before Any Rate Cuts
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday added a warning to its stand-still policy statement, saying it does not “expect” to cut rates until it has “gained greater confidence” that inflation is moving sustainably lower toward the 2% target. The statement follows: Recent indicators suggest that economic activity has been expanding at a […]
White House and Other Schedules for Wednesday, Jan 31
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JANUARY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Bank of Japan January Meeting Summary Shows Shift Toward More Specific Debate About Exit from Large Monetary Easing
–Members Continue to Link Timing of Exit to Clearer Signs of Sustained Wage Growth–A Few Members Warn About Falling Behind Curve in Unwinding Stimulus By Max Sato (MaceNews) – Bank of Japan board members continued to discuss the need to carefully unwind the bank’s monetary easing measures, with many linking the timing of an exit […]
Japan December Retail Sales Turn Weaker as Pent-up Demand Wanes, Upward Price Pressures on Food, Fuels Ease
–METI Downgrades View: Retail Sales Taking One Step Forward, One Step Back Vs. on Uptrend–Department Store Sales Up but at Slower Pace after Already Recovering from Pandemic Slump By Max Sato (MaceNews) – Japanese retail sales turned weaker in December, rising just 2.1% on the year, below the consensus forecast of a 5.3% rise and […]
Japan December Industrial Production Rebounds on General Machinery; Daihatsu Halt amid Crash Test Scandal Seen Hurting January Vehicle Output
–METI Survey: Factory Output Likely to Plunge in January, Rise Moderately in February–METI Keeps View: Output Taking One Step Forward, One Step Back–METI To Watch Effects of Global Growth, Auto Output Suspension, Drops Risk from High Costs Amid Easing Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded by a solid but lower-than-expected 1.8% […]
White House and Other Schedules for Tuesday, Jan 30
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JANUARY 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan December Jobless Rate Edges Down to 11-Month Low of 2.4% from 2.5% in November on Sharp Drop in Job Losses, Retirements
–December Also See Fewer Quits for Other Openings, Fewer New Job Seekers–Employment Up on Year for 17th Straight Month, Led by Factories, Hotels and Restaurants–Number of Unemployed Falls to Pre-Pandemic Level By Max Sato (MaceNews) – Japanese payrolls posted a 17th straight rise on year amid widespread labor shortages at factories, hotels, restaurants and communications […]
White House and Other Schedules for Monday, Jan 29
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, JANUARY 29, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
White House and Other Schedules for Friday, Jan 26
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, JANUARY 26, 2024In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
Japan January Tokyo Core CPI Annual Rate Eases Sharply on Further Energy Price Drop, Slower Food Markups, Hotel Fee Rise
–Total CPI, Core (Ex-Fresh Food), Both +1.6% Y/Y, Slowest in 22 Months–Core-Core CPI (Ex-Fresh Food, Energy) Moderates to 11-Month Low of +3.1% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the leading indicator of the national average, eased at a much faster pace than expected in January in all three key measures as food […]